First on Fox: Trump campaign reveals On Tuesday, a website tabulated how much voters in each state could end up paying in taxes if Trump’s tax cuts expire next year.
Kamala Harris voted Against Trump tax cuts “If she is elected, they will be allowed to expire,” the website kamaltaxincrease.com says.
“The Democrats in Washington don’t care about you — they, along with Kamala Harris, will make sure you pay more taxes and have less money in your pocket. According to the Tax FoundationIt adds, “If the Trump tax cuts expire, most taxpayers would see a significant tax increase.”
Using data from the Tax Foundation, a Washington DC-based think tank, the Trump campaign’s new website features a map of the US detailing what residents of each state might have to pay. Expected to spend additional taxes,
A new website released by the Trump campaign lays out how much more taxes voters could end up paying if Trump’s tax cuts expire next year. (kamalataxincrease.com)
Trump is about to launch a crypto platform: Know the reason
,When Kamala is in Pennsylvania“In Michigan and Wisconsin — going to the polls this week — will she tell voters that if she’s elected and lets the Trump tax cuts expire, they will pay on average more than $2,000 in additional taxes each year? The choice is simple — more money in your pocket with President Trump or more taxes with Kamala Harris,” Trump campaign national press secretary Carolyn Leavitt told Fox News Digital.
According to the website, the national average tax increase is $2,580.57, while residents of blue states like California and Washington can expect average increases of $3,360 and $4,375.
Trump promises to freeze taxes on Social Security; cites ‘inflation nightmare’ for seniors
According to the data, Florida residents are facing an average tax hike of $3,505 per year, while Nevada residents should expect an increase of $3,523 and Wyoming residents should expect an increase of $4,254.
Ahead of Tuesday’s ABC News presidential debate, a new poll shows that Vice President Kamala Harris is leading former President Trump by eight percentage points among likely voters in Virginia. (Brandon Bell/Getty Images)
The Tax Foundation’s website additionally has a calculator that can calculate expected growth based on a person’s individual background, such as income and marital status. To see more in-depth data,
Trump and Republican lawmakers passed the Tax Cuts and Jobs Act in 2017, which made sweeping changes to the nation’s tax code, including lowering the top individual income tax bracket from 39.6% to 37% and nearly doubling the size of the standard deduction.
However, that law is set to expire in 2025, as Vice President Harris has vowed to roll back the Trump-era deductions. She is proposing to raise the rate. Major businesses pay 21% to 28%And there’s also an effort to increase the federal government’s small business tax deduction tenfold, from $5,000 to $50,000.
Trump’s economic scorecard: What’s his stance on taxes, tariffs and other issues?
Trump has vowed to make his entire term a happy one. 2017 Tax Laws Permanent If he is re-elected in November.
“He wants to let our tax cuts expire,” Trump said at a rally in New Jersey in May. “Instead of a Biden tax increase, I’ll give you a Trump middle class, upper class, lower class, business class — a big tax cut. You’re going to get the biggest tax cut.”
Former President Trump speaks at the Economic Club of New York, laying out his vision for the economy if he wins a second term. (Getty Images)
Last week, the Chamber of Commerce and 500 businesses across the country published an open letter to Washington lawmakers and Gov. Next presidential administrationHe called for a continuation of Trump’s tax cuts, otherwise the US could face the “largest tax increase in American history”.
Trump, Harris discuss tax plans ahead of presidential debate
“While the impact of massive tax increases on Americans is clear, it is critical for policymakers to recognize that the elimination of many of the pro-growth business tax reforms from the Tax Cuts and Jobs Act of 2017 (TCJA) will dramatically increase costs for families and consumers, harm Main Street businesses, reduce take-home pay for workers, and result in the loss of innovation and American jobs,” Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, said in a statement in the letter.
“Pro-growth tax policy not only grows the overall U.S. economy; it also boosts wages and employment of American workers.” Improvement in standard of living“Maintaining and improving pro-growth tax policy ensures that the United States remains competitive globally, and retains and attracts businesses, jobs, investment, and innovation here at home,” the statement added.
Fox News Digital reached out to the Harris campaign for comment on the new website but did not receive an immediate response.
Fox News Digital’s Megan Hanney and Breck Dumas contributed to this article.
